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Mar 5, 2013
03/13
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to cliff, fiscal calamity to fiscal calamity. what's going to happen? and it's freezing everything in place and the economy is suffering for it, and more than the economy, the americans are suffering for it, and 293 million americans -- and the 23 million americans who are either unemployed or underemployed are suffering greatly. now, sadly, this uncertainty in the budget constraints we face shouldn't catch any department or agency by surprise. this is not good government, but it's the washington way under this administration and the current democrat-led senate. the department of homeland security andure and i.c.e. haven since december 28-2012 what level of resources were available for i.c.e. under the current continuing resolution. that is, for those of us who -- those who don't understand the jargon that comes out of this plashings "continuing resolution" means a stopgap effort that congress put in place in order to fund this government at the current rate. and that expires march 27, and we're going to have do it again for the
to cliff, fiscal calamity to fiscal calamity. what's going to happen? and it's freezing everything in place and the economy is suffering for it, and more than the economy, the americans are suffering for it, and 293 million americans -- and the 23 million americans who are either unemployed or underemployed are suffering greatly. now, sadly, this uncertainty in the budget constraints we face shouldn't catch any department or agency by surprise. this is not good government, but it's the...
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Jan 10, 2013
01/13
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CURRENT
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yes, i did help out the fiscal cliff and i saved the economy. and it would win moderates but he's not going to do it. >> but isn't there a lot of money to pull the right further to the right, but there is not a lot of money to pull the left further to the left. there is no one there are no ads calling him to the left, but there is money on the right. >> john: that is a very good example. we're talking about purity test. if you're not pro-choice you can't get that far in the democratic party with a few notable exceptions. but the republicans still have this automatic purity test that kicks in. is there any way to break free of it. >> if they want to win an election ever again which i hope they don't they shut should go down the path. when they said, the fiscal tragedy should not come out of a physical tragedy. they stand on principle, the tea party, you know what the principle is? meanness. that's what we have call them on. it's just mean. >> john: speaking by a person who was hit hard by hurricane sandy, if they call the iraqi funding bill they
yes, i did help out the fiscal cliff and i saved the economy. and it would win moderates but he's not going to do it. >> but isn't there a lot of money to pull the right further to the right, but there is not a lot of money to pull the left further to the left. there is no one there are no ads calling him to the left, but there is money on the right. >> john: that is a very good example. we're talking about purity test. if you're not pro-choice you can't get that far in the...
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Jan 12, 2013
01/13
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she even used some things about the fiscal cliff and the economy but she didn't know about guantanamo. it disappeared. i am not going to say anything much more relevant. we can answer questions but when you have something, people say guantanamo continues to hurt us around the world. i asked peter is it still an issue in the middle east? it is still an issue that makes people in the great debate after the arabs spring between muslim moderates and extremists that makes a difference in fat, that influences people and the way they think about united states. it is still on the list of reasons people become extremists, reasons recruiting tool for terrorism, it hurts us that way. it is not us. trafficking, we want to fight trafficking. it is a terrible thing. that is not u.s. policy. this is u.s. policy. this defines who we are. it is that stain on our reputation. i want to finish with what andy worthington said. i don't know whether people here have watched the movie lincoln, but it really is a story of how abraham lincoln pushed through an amendment to the constitution to free the slaves a
she even used some things about the fiscal cliff and the economy but she didn't know about guantanamo. it disappeared. i am not going to say anything much more relevant. we can answer questions but when you have something, people say guantanamo continues to hurt us around the world. i asked peter is it still an issue in the middle east? it is still an issue that makes people in the great debate after the arabs spring between muslim moderates and extremists that makes a difference in fat, that...
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Jan 2, 2013
01/13
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that has technically gone over the fiscal cliff. at officials ur, anthony, white omewhaofficials tell us the eirsident is somewhat optimistic that republicans, despite their misgivings and reservations, will find a way to either have an amendment process or come ulrrowly close to one, but r an up-ly allow this senate compromise to come up for an up- or-down vote. and the president, in conferring with house minority leader nancy pelosi, believes there are e.fficient house democratic votes with a few republican votes to get this deal done. see vice president, joe biden, spent a lot of time with house a very s today. that was a very persuasive presentation, house democratic officials tell me. there are lots of votes on the democratic side. the question is can republicans provide enough on their side to get this deal done. the white house tonight is a bit hopeful. >> mason: major, is this bill an effort by vice president joe biden, or is the president wmself getting involved in making calls? >> the president is not making calls, white h
that has technically gone over the fiscal cliff. at officials ur, anthony, white omewhaofficials tell us the eirsident is somewhat optimistic that republicans, despite their misgivings and reservations, will find a way to either have an amendment process or come ulrrowly close to one, but r an up-ly allow this senate compromise to come up for an up- or-down vote. and the president, in conferring with house minority leader nancy pelosi, believes there are e.fficient house democratic votes with a...
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would be catastrophic, far worse than the impact of a fiscal cliff. people will remember back in 2011, the last time this course of action was threatened, our entire recovery was put at risk. consumer confidence plunged, business investment plunged, growth dropped. we can't go down that path again. today's agreement, enshrines a principle into law that will remain in place as long as i president. the deficit need to be reduced in a way that is balanced. everyone pays their fair share. everyone does their part. that's how our economy works best. that's how we grow. the sum total of all of the budget agreements we have reached so far proves that there is a path forward. that they it is possible if we focus not on our politic thousands but on what is right for the country. and the one thing that ifulfly will focus on, put a package like this together. less drama, more brinkmanship, not scare the heck out of folks quite as much. we can come together as democrats and republicans to cut spending and raise revenue in a way that reduces our deficit, protects
would be catastrophic, far worse than the impact of a fiscal cliff. people will remember back in 2011, the last time this course of action was threatened, our entire recovery was put at risk. consumer confidence plunged, business investment plunged, growth dropped. we can't go down that path again. today's agreement, enshrines a principle into law that will remain in place as long as i president. the deficit need to be reduced in a way that is balanced. everyone pays their fair share. everyone...
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Sep 27, 2013
09/13
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situation, not to weaponize it, not the run the economy over a cliff. >> and everybody has says, nobody has any desire to, one, shut down the government, or default. that's not -- >> some of your colleagues do. they're on the record today saying they do. >> look, the speaker has demonstrated time and again, not to do that. but he said, let's correct the path we're on. we can do that with things in the president's budget. >> we have the fastest decline in the deficit that we've seen in basically the post-war period. >> and you can thank, by the way, a lot of that -- >> two-thirds is from revenue. congressman, two-thirds. >> by the way, some of it is, some of it isn't, and i voted for that. >> congressman tom cole and congressman keith ellison. >> we need a clean debt vote. let's do it now. >> thank you both, gentleman. all right. coming up -- >> my feeling is that your office initially overcharged her in this case. this is my feeling. >> let me -- >> this is my feeling. but we can't try it here. there is no justification for 20 years. >> that was congresswoman corrine brown confronting f
situation, not to weaponize it, not the run the economy over a cliff. >> and everybody has says, nobody has any desire to, one, shut down the government, or default. that's not -- >> some of your colleagues do. they're on the record today saying they do. >> look, the speaker has demonstrated time and again, not to do that. but he said, let's correct the path we're on. we can do that with things in the president's budget. >> we have the fastest decline in the deficit that...
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Nov 21, 2013
11/13
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. >> imagine if mitt romney was elected, took office january 20 and said, you know, the fiscal cliff tax incondoleezza rice cc disagree. i will suspend the increase in the capital gains tax for a year because i don't think the economy can handle it. i don't think democrats would accept that. the media would not accept that. they are not interested in holding this president accountable for whatever reason. >> it's amazing to see that clip. we'll post it on the facebook page so people can look and listen for the themselves at a different-sounding barack obama a few years ago. representative, thanks for being here. >> any time. >> we have we got a look at what the health care law is costing the president lit plitcally. up next, a former clinton adviser le delaware tails how serious it could get. wait until you hear what he's calling for now. plus, it was all smiles and presidential honors for oprah today. did her recent overseas rant about racist americans damage her brand? alan west is here. >> there are still generations of people -- older people -- who were born and bread and marin e
. >> imagine if mitt romney was elected, took office january 20 and said, you know, the fiscal cliff tax incondoleezza rice cc disagree. i will suspend the increase in the capital gains tax for a year because i don't think the economy can handle it. i don't think democrats would accept that. the media would not accept that. they are not interested in holding this president accountable for whatever reason. >> it's amazing to see that clip. we'll post it on the facebook page so people...
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Jul 31, 2013
07/13
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notnext fiscal cliff, i do use that lightly, has four components. doc fix,limit, the the extension of expiring tax provisions. is -- coat all cola lesce. economy is that the continues to grow better now. november, it could be an important date. it could be thanksgiving eve. r is inevitable. could you go through thanksgiving? -- could it go through thanksgiving? 15 days after congress adjourned, they have to sequester. if you take the levels that the house has, 15 days after congress adjourned, the omb has to sequester. cr and took last year's level and just continued it, omb would have to sequester. i refer to my friends from the hill, congress does not have to adjourned until december of this year. that is a technical point. the point i'm making is, what i see is something in mid-november being pressured because of the debt limit and the cr. fixill have to do the doc sooner or later. provisions that are important. the state postures but, those states that do not have income taxes rely on sales taxes. things are forcing a deal. if you are asking me
notnext fiscal cliff, i do use that lightly, has four components. doc fix,limit, the the extension of expiring tax provisions. is -- coat all cola lesce. economy is that the continues to grow better now. november, it could be an important date. it could be thanksgiving eve. r is inevitable. could you go through thanksgiving? -- could it go through thanksgiving? 15 days after congress adjourned, they have to sequester. if you take the levels that the house has, 15 days after congress adjourned,...
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Jan 14, 2013
01/13
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CNNW
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the fiscal cliff, the economy really was growing strong enough to get passed that. so we -- and we still have that strength. but we can't move beyond the debt ceiling issue. i knew that would be a stopper, a game stopper. so we have to address that. now, the conditions exist that there can be a grand compromise that will move the economy forward or we can just go into free fall. for example, the last negotiation on the debt ceiling, well, the president, i thought, gave more than he should have given, but nonetheless, he did that. now the onus is on the rps to come to the table. because, see, what has happened is, tax cuts are essentially -- tax increases are off the table. and we got revenue from that. not enough that we needed, but that's off the table. and that was a big issue for the republicans. >> danny, let's move on. let's talk about the possibility of a government shutdown. the president seemed to indicate that it was, first of all, the republicans' responsibility. that they were going to take the onus, the responsibility for this, and that it was potentiall
the fiscal cliff, the economy really was growing strong enough to get passed that. so we -- and we still have that strength. but we can't move beyond the debt ceiling issue. i knew that would be a stopper, a game stopper. so we have to address that. now, the conditions exist that there can be a grand compromise that will move the economy forward or we can just go into free fall. for example, the last negotiation on the debt ceiling, well, the president, i thought, gave more than he should have...
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Jan 15, 2013
01/13
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the nation's top banker says avoiding the fiscal cliff was good, especially since the alternative would have probably been another recession. but he says there's more work ahead, such as raising the debt ceiling so the government can pay its bills. >>> coca-cola is running spots on cable television that say it's doing its part on obesity. the ads point out that more than one-fourth of its beverages are low-calorie. and burning off the 180 calories from a can of coke can be fun. critics say the commercials minimize the issue and are just damage control. >>> apple is on fire over its stock slump. shares are down to about $500, off almost one-third since last september. the stock peaked at more than $700 when the iphone 5 was announced. sales of the phone are pretty weak, putting pressure on apple to develop a cheaper version. >>> and another darling of silicon valley is promising a big announcement today. but facebook isn't saying exactly what all this is about. most observers think it has something to do with internet searches, going head-to-head with google, in that lucrative area. othe
the nation's top banker says avoiding the fiscal cliff was good, especially since the alternative would have probably been another recession. but he says there's more work ahead, such as raising the debt ceiling so the government can pay its bills. >>> coca-cola is running spots on cable television that say it's doing its part on obesity. the ads point out that more than one-fourth of its beverages are low-calorie. and burning off the 180 calories from a can of coke can be fun. critics...
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Apr 10, 2013
04/13
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cliff that we cut on january the 2nd. so this is $2.6 trillion of additional taxes under this president. this is bad for the economy, it's bad for private sector job growth. that's why unemployment is so high. and so many people have simply given up looking for work. it's a tragedy. jenna: let's talk a little bit specifically about the budget when it comes to another big, important news topic and that is immigration reform. it's something you've talked a lot about senator. i know you just released some proposals for border security and the "wall street journal" has an article today that says that what they are hearing about what is coming of immigration reform is that some really strict border security is part of the reform as a way to lead to a pathway to citizenship for those that are in this country illegally right now. where do we get the money for that extra border security if it is indeed part of a deal for immigration reform and something that you've so firmly believed in? >> well, law enforcement, and in this case
cliff that we cut on january the 2nd. so this is $2.6 trillion of additional taxes under this president. this is bad for the economy, it's bad for private sector job growth. that's why unemployment is so high. and so many people have simply given up looking for work. it's a tragedy. jenna: let's talk a little bit specifically about the budget when it comes to another big, important news topic and that is immigration reform. it's something you've talked a lot about senator. i know you just...
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Mar 13, 2013
03/13
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FBC
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. >> it was the fiscal cliff issue lou: as we look at this, the forecast adjustment, you look at net exports, and that inspired you. >> part of it is net exports. that is a sector that it really carry the economy from the end of the recession up until about middle of last year, and then it dropped off as things fell apart in europe, china growth wobbled, japanese growth looked pretty soft as well. lou: happening in japan. >> i love it. and more importantly, the economy looks fantastic. the housing sector continues to skyrocket. lou: don't tell me. >> spending. lou: what they call that? cnbc, something like that. you would think that they were owned by pan tell the way they're talking about the reverse rotation from the bond. it's hilarious to watch that nonsense. and we have evidence right in front of us, as you point out. i mean, look at this housing market. >> this speaks to the resilience of the u.s. economy. after all of these years there is pent-up demand for housing, pent-up demand from businesses for capital investment and hiring. maybe this is the year that it finally comes t
. >> it was the fiscal cliff issue lou: as we look at this, the forecast adjustment, you look at net exports, and that inspired you. >> part of it is net exports. that is a sector that it really carry the economy from the end of the recession up until about middle of last year, and then it dropped off as things fell apart in europe, china growth wobbled, japanese growth looked pretty soft as well. lou: happening in japan. >> i love it. and more importantly, the economy looks...
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Jan 14, 2013
01/13
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we talked about when it comes to the fiscal cliff. and you, my friend, you're not sunshine and lollipops all the time. >> it is not a trivial matter. it is a very, very big matter. but it is supposedly default on the u.s. debt, we would give people instruments saying when the debt limit was addressed seriously, when it was resolv, they would get their money, so there would be -- and plus interest on it. so that will be resolved. but let's just -- it is very, very serious. we have been living beyond our means for a very long time. and chickens are coming home to roost. he's got to negotiate. but the republicans have to negotiate too. i mean, i've been a republican probably twice as long as you've been alive, and i will say the republicans have got to get up and say we're going to act responsibly here. he has to act responsibly too. >> quickly, colin powell saying the republicans had a dark vein of intolerance. >> i read several articles about it. i don't believe it. the republicans have many more african-americans in the cabinet at thi
we talked about when it comes to the fiscal cliff. and you, my friend, you're not sunshine and lollipops all the time. >> it is not a trivial matter. it is a very, very big matter. but it is supposedly default on the u.s. debt, we would give people instruments saying when the debt limit was addressed seriously, when it was resolv, they would get their money, so there would be -- and plus interest on it. so that will be resolved. but let's just -- it is very, very serious. we have been...
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Mar 2, 2013
03/13
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if you talk about -- i'll do it in order from worst to best, the breach of security, fiscal cliff, and then sequester. the sequester as you just mentioned, i don't think it takes the economy from growth to recession. i think it takes the economy from current slog to even sloggier slog, and gdp growth is already too slow. so taking the air out of a bicycle that is too wobbly. now that is bad, but perhaps not as bad as some of the other crises were, in terms of its dimension. >> the sequester was an enormous political failure. the things it was meant to do. i was talking to a committee republican the other day. he said the sequester was a problem in the committee because it was not bad enough that it made people want to compromise. it was not swarthy enough. now people can do something without sacrificing for it. but we do have a possible government shutdown coming in a month, and a debt ceiling coming in a month. we have a 10% chance of getting it wrong, let's say, if we do it three times a year for ten years, we'll get a bunch of them wrong. i mean, there is that, first of all we shoul
if you talk about -- i'll do it in order from worst to best, the breach of security, fiscal cliff, and then sequester. the sequester as you just mentioned, i don't think it takes the economy from growth to recession. i think it takes the economy from current slog to even sloggier slog, and gdp growth is already too slow. so taking the air out of a bicycle that is too wobbly. now that is bad, but perhaps not as bad as some of the other crises were, in terms of its dimension. >> the...
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Feb 21, 2013
02/13
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it doesn't matter if it's the 2011 budget deal, december's fiscal cliff, or the march 1st looming deadline. the only problem this time is that if they take the wrong option, they won't just tank a political party, they could be responsible for throwing the nation's economy overboard. let's get right to nbc's kristin welker who is live at the white house. kristin, all of us want to know and i wonder if you can tell us about these phone conversations between the president and speaker boehner and minority leader mitch mcconnell. what was said? do you know the tone of them? what happened? >> reporter: well, martin, unfortunately the white house is not giving a whole lot of information except to characterize those phone conversations as good. white house press secretary jay carney got a number of questions about that conversation, of course, during the briefing. we asked if there had been any progress, if president obama had made any new offers. he wouldn't take the bait, wouldn't answer those questions. republicans this afternoon raising the question of their own, why hasn't president obama re
it doesn't matter if it's the 2011 budget deal, december's fiscal cliff, or the march 1st looming deadline. the only problem this time is that if they take the wrong option, they won't just tank a political party, they could be responsible for throwing the nation's economy overboard. let's get right to nbc's kristin welker who is live at the white house. kristin, all of us want to know and i wonder if you can tell us about these phone conversations between the president and speaker boehner and...
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Feb 6, 2013
02/13
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fiscal cliff. the overwhelming majority of our republican colleagues in this house voted against that plan because they were more focused on protecting tax breaks for very wealthy individuals than about protecting jobs and the economy. that's their choice. their senate republican colleagues made a different choice, but our house republican colleagues can make the choice they want. with respect to the budget, the president will submit a budget. and our house republican colleagues can reject it or do what they want with it. the issue is not whether he'll submit a budget. he will. the issue is whether or not we would dictate to the president what the form of his budget should take, and that is wrong. it is also a little curious to hear this newfound support for these sort of balanced budgets from our republican colleagues. i would just remind everybody the last time we had a balanced budget was at the end of the clinton administration. why? because in addition to economic growth, they asked the americ
fiscal cliff. the overwhelming majority of our republican colleagues in this house voted against that plan because they were more focused on protecting tax breaks for very wealthy individuals than about protecting jobs and the economy. that's their choice. their senate republican colleagues made a different choice, but our house republican colleagues can make the choice they want. with respect to the budget, the president will submit a budget. and our house republican colleagues can reject it...
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Jan 6, 2013
01/13
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. ♪ hotwire.com >> this week on the journal editorial report, washington avoids the fiscal cliff with a tax and spend blowout. we'll tell you what it means for the u.s. economy and your wallet in 2013. plus, from hollywood film makers to nascar track owners a look at the real winners in this so-called tax cut for the middle class and this second term as house speaker secured, does john boehner has a strategy for dealing with president obama and can he survive the coming battle over the debt. welcome to the journal editorial report, i'm paul gigot. well, with no time to spare, congress passed and president obama signed into law this week a bill to avoid the so-called fiscal cliff. the new years day deal represents the biggest tax increase the country has seen in 20 years, all in return for billions of dollars in new spending and spun of course, as a tax cut for the middle class. here with a look at what it it means for your pocket book, and the u.s. economy in 2013, wall street journal columnist and deputy editor dan henninger, mary o'grady and steve moore. let's go to you first, steve
. ♪ hotwire.com >> this week on the journal editorial report, washington avoids the fiscal cliff with a tax and spend blowout. we'll tell you what it means for the u.s. economy and your wallet in 2013. plus, from hollywood film makers to nascar track owners a look at the real winners in this so-called tax cut for the middle class and this second term as house speaker secured, does john boehner has a strategy for dealing with president obama and can he survive the coming battle over the...
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Dec 19, 2013
12/13
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deal, which created more fiscal headwinds for the economy. and now we are at 7%. and it brought down car loan interest rates, and we have seen the favorable response in those areas. moreover, this has been done in the face of unusually tight fiscal policy for a recovery period. i do think it's been effective. but the size of the impact is something we can disagree about and work will continue about. and as i said before the uncertainty about this impact, it is part of the ending programs and so on and why we are treating this as a supplementary tool. [inaudible question] >> i'm from the l.a. times. unemployment benefits, as you know, expire for more than a million people. and how much of an economic impact do you see that having and what effect would you expect that would have on the unemployment rate? if those people dropped out of the labor force, will come down? >> quite a bit. yes. it has a big economic effect in those have been talking about this for it while and it's a major concern and one that i cited in my opening remarks. and the ef
deal, which created more fiscal headwinds for the economy. and now we are at 7%. and it brought down car loan interest rates, and we have seen the favorable response in those areas. moreover, this has been done in the face of unusually tight fiscal policy for a recovery period. i do think it's been effective. but the size of the impact is something we can disagree about and work will continue about. and as i said before the uncertainty about this impact, it is part of the ending programs and so...
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Mar 14, 2013
03/13
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when the fiscal cliff thing did not happen. that's why we had the sequester now. do you think he is pivoting to say we shouldn't worry about the debt that much. in the immediate term. as a second term president, aren't you supposed to govern for the longer term and focus on a better course? >> bob: accept now that everyone freaked out about a deficit that does not matter. i ask this question over and over. i'll ask it again. what was it today when you woke up in the morning about the debt that affected your life? the answer is absolutely nothing. the idea of trying to balance -- >> dana: if you're unemployed it might. >> bob: no. no. it has nothing to do with being unemployed. >> eric: you can't throw that premise out there on the table that unaffecteded by the debt. the china says we won't take 3% for the money, we want 6% or 9% or 10%, we're done. game over. they win. >> bob: they destroy themselveses in the process. >> kimberly: bob as a popular opinion for democrats. debt don't matter. >> bob: the way to get deficit and debt under control is get people back to
when the fiscal cliff thing did not happen. that's why we had the sequester now. do you think he is pivoting to say we shouldn't worry about the debt that much. in the immediate term. as a second term president, aren't you supposed to govern for the longer term and focus on a better course? >> bob: accept now that everyone freaked out about a deficit that does not matter. i ask this question over and over. i'll ask it again. what was it today when you woke up in the morning about the debt...
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Jan 13, 2013
01/13
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they pushed the economy to the edge of the fiscal cliff and they threatened to make the u.s. go into default or shut down the government if they don't get policy concessions. they fiercely oppose potential picks for obama's cabinet from susan rice, of course, to people who withdrew to people who had strong gop support up until they were affiliated with president obama like chuck hagel and jack lew and republicans delayed 85% of the planned relief funding for hurricane sandy. that, of course, drew a strong rebuke from republican governor chris christie. this is not politics devoted to a competing vision. this is politics devoted to digs corruption and obstruction, and those recent fights i mentioned don't even include the explosion of minority obstruction in the u.s. senate. the filibuster has been used against more of obama's legislation than any president in history. the bottom line is that the gop is exploiting what i think is a hole in our democracy. can you lose elections and still get your way now if you don't care about responsibly governing. of course, it's hard to get
they pushed the economy to the edge of the fiscal cliff and they threatened to make the u.s. go into default or shut down the government if they don't get policy concessions. they fiercely oppose potential picks for obama's cabinet from susan rice, of course, to people who withdrew to people who had strong gop support up until they were affiliated with president obama like chuck hagel and jack lew and republicans delayed 85% of the planned relief funding for hurricane sandy. that, of course,...
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Mar 2, 2013
03/13
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this is actually not as big a deal for the economy as the fiscal cliff, if we hadn't done something about it would have been. and certainly not as bad as failing to raise the debt limit, which would have been catastrophic, but it's bad, and of course it's degrading government services. i mean this really is not only are cuts very much the wrong thing to be doing right now, but these are especially dumb cuts. so this is not a good thing at all. >> so it could get a lot worse than 00,000 jobs? >> yeah. well, a couple of things. one is -- there is a lot of reason to believe that the numbers we've been using to estimate these things, that austerity hurts even more than the standard estimates say. we've been looking at what has been happening in europe. you say jeez, countries that have been doing sharp spending cuts have really been suffering badly. that's probably a number on the low side. and then, you know, what does it do to our economy if we are demonstrating that we can't govern ourselves, that we can't maintain the central government services? again, that can't be good. this was design
this is actually not as big a deal for the economy as the fiscal cliff, if we hadn't done something about it would have been. and certainly not as bad as failing to raise the debt limit, which would have been catastrophic, but it's bad, and of course it's degrading government services. i mean this really is not only are cuts very much the wrong thing to be doing right now, but these are especially dumb cuts. so this is not a good thing at all. >> so it could get a lot worse than 00,000...
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Feb 6, 2013
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they were prepared to let the economy go over that cliff in order to protect tax breaks for very wealthy people. and a majority, a great majority of our republican colleagues here in the house voted against that fiscal agreement. but we got it done despite that fact, and as a result, the economy has continued to move. now, we need to work to make it move faster, and this bill does absolutely nothing to help do that. but that's why the budget's a little late because most americans know that unless you know both what your expenditures are going to be and your revenues, you can't submit a budget, and we didn't know until january 2 what the revenue number would be going forward. and by the way, mr. speaker, the nonpartisan congressional budget office and the nonpartisan joint tax committee have also been delayed in presenting their backgrounds which have just come out today but were delayedrom whenhey had planned to do it because of that very reason. now, what's really a shame is that here we are on the floor of the house debating this gimmick when we should be doing things to help the econo
they were prepared to let the economy go over that cliff in order to protect tax breaks for very wealthy people. and a majority, a great majority of our republican colleagues here in the house voted against that fiscal agreement. but we got it done despite that fact, and as a result, the economy has continued to move. now, we need to work to make it move faster, and this bill does absolutely nothing to help do that. but that's why the budget's a little late because most americans know that...
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Jan 21, 2013
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at some point, we will go off a cliff as a country and as a society. we have to do hard things in order to get the fiscal situation under control so that we don't pass down to our children a terrible economy and terrible future financially and also in terms of guns. other social issues. the issues related to the gun issue. mental health and violence in the media. we have to do this. both parties do not want to do the hard things. >> you make an interesting point. all have a cost whether it's a financial cost or emotional cost. it has a cost to the greater society and what the american people i think have been saying for about four or five years now, maybe you would agree with that. going back to the tail end of the bush years. that stood out in stark contrast to the values and principals of the party. you saw this small rebel yon begin at the town hall meetings. the people reacting to a lot of those things that matter to them being ignored and not appreciating the cost of them. the president has a chance and he can put into real terms what the costs ar
at some point, we will go off a cliff as a country and as a society. we have to do hard things in order to get the fiscal situation under control so that we don't pass down to our children a terrible economy and terrible future financially and also in terms of guns. other social issues. the issues related to the gun issue. mental health and violence in the media. we have to do this. both parties do not want to do the hard things. >> you make an interesting point. all have a cost whether...
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Jan 8, 2013
01/13
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a second the concern about the fiscal cliff issue was that it had died consequences for our fragile economy. we might have pushed the economy back into a recession. others had warned the fiscal cliff was a prolonged and went for a whole calendar or fiscal year none of that was really in the cards if we were over for two weeks. this would have included some short-term measures to stimulate the economy combined with this 2-$3 trillion reduction in deficits over a 10-share timeframe hear it given the political makeup, that was never in the cards. what about canine? and nine would have adhered to the head of credit but, at do no harm. on balance, i think we got a middle grade on this. extended unemployment benefits to work continued for another year in those states where the recession has hit most severely. the majority of taxpayers be referred to 99.3% of the population. it was scared 8 income-tax increase. it we enacted a permanent tax to the alternative minimum tax thereby protecting 30 on million households from something that they were totally unaware they were about to get hit with which
a second the concern about the fiscal cliff issue was that it had died consequences for our fragile economy. we might have pushed the economy back into a recession. others had warned the fiscal cliff was a prolonged and went for a whole calendar or fiscal year none of that was really in the cards if we were over for two weeks. this would have included some short-term measures to stimulate the economy combined with this 2-$3 trillion reduction in deficits over a 10-share timeframe hear it given...
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Oct 30, 2013
10/13
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cliff saving our economy from ruin. several weeks later, when a majority of the republican caucus stood oppose todd relief for the victims of superstorm ndy, it took an overwhelming republicans and democrats. the house passed the violence against women's act, providing protections for victims of domestic violence with unanimous democratic support and portion of the republican caucus. in march, facing the deadline of a government shutdown, a temporary budget, also needed the support of democrats to pass the house. and timely, despite claims indicating that the votes weren't there to pass a clean r., the house reowed the government with republicans and democrats. the reality is to pass anything with substance, speaker boehner needs to stand up to the extreme faction of his party, stop blocking important legislation and get out of the way and let the house of representatives work its will. america needs democrats and republicans to come together, we have seen what can be accomplished when we are united. and who are we kidd
cliff saving our economy from ruin. several weeks later, when a majority of the republican caucus stood oppose todd relief for the victims of superstorm ndy, it took an overwhelming republicans and democrats. the house passed the violence against women's act, providing protections for victims of domestic violence with unanimous democratic support and portion of the republican caucus. in march, facing the deadline of a government shutdown, a temporary budget, also needed the support of democrats...
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Mar 2, 2013
03/13
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guest: people were so focused on the fiscal cliff deal. that fight was about be sequester. a much larger part of it was about tax rates and what people should pay in tax rates. people saw that deal as something that affected everyone because it affected by the or not your tax bill would go off for this year. he sequester is a little bit more abstract. it is a long word. if you are a federal employee, you are paying close attention to it. it has yet to seep into the consciousness of the general public the wavy raising of your taxes potentially would. host: if you are playing scrabble, it is a 22. word at the base level. on our line for republicans, you are on "washington journal." caller: thank you for taking my call. i have a different take on this. i am in favor of the sequester, but for a bizarre reason. i think the last thing the governor did right was world war ii. we have had amtrak, the post office, the situation whereby we have the old joke about the ditchdigger in new york with the four guys watching and federal employee salaries have surpassed by far the private se
guest: people were so focused on the fiscal cliff deal. that fight was about be sequester. a much larger part of it was about tax rates and what people should pay in tax rates. people saw that deal as something that affected everyone because it affected by the or not your tax bill would go off for this year. he sequester is a little bit more abstract. it is a long word. if you are a federal employee, you are paying close attention to it. it has yet to seep into the consciousness of the general...
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Jan 9, 2013
01/13
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we more guidance how the economy unfolds and comes from the fiscal cliff year. >> right. it could get worse. >> you're right. i can't model in a recession. i have to think at 150. i have numbers at 200. if it does 200, we get there faster. >> byron and i, and rick, we have agreed on a lot of stuff today. one thing off-camera i talked to byron about, some day, it may become clear some of the economic malaise we're experiencing is self-inflicted, not just reinhardt rograff, not just new normal, maybe dodd-frank, obama-care, maybe uncertainty, maybe regulation. maybe we find out over the next four years, some of the things we heard so much, maybe we are stuck below plan because we're in our own way. >> it would be nice -- >> byron, you kind of conceded that, right? >> yeah. conceded, yes, i guess i did. the point is, what is the wake-up call, joe, that is my question. >> we need a wake-up call. in this environment where there are people that want these entitlements and other people paying for the entitlements. if you have 70% receiving, 30% paying, how do you ever elect anot
we more guidance how the economy unfolds and comes from the fiscal cliff year. >> right. it could get worse. >> you're right. i can't model in a recession. i have to think at 150. i have numbers at 200. if it does 200, we get there faster. >> byron and i, and rick, we have agreed on a lot of stuff today. one thing off-camera i talked to byron about, some day, it may become clear some of the economic malaise we're experiencing is self-inflicted, not just reinhardt rograff, not...
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Jul 30, 2013
07/13
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because for a lot of reasons, process reasons, we're so fixed on the issues of the fiscal cliff, and previous points we had, real challenges with deficit reduction. so i say, again, what your pointing out is really the political economy question we have, which is in a world in which we live today, how can we get focused on some of these challenges that are not ten-year problems, 15-year problems. they will get much worse in ten or 15 years, but they're really big problems today, and that's part of the work we're trying to do. >> i love the question. i think it goes to the heart of the challenge. it's not a political economy question. it's a economy question. there are huge challenges facing the u.s. economy and the global economy but the u.s. economy in terms of growing nick inequality quote, know how to grow the economy, the fact that competitiveness is not what it should be. the fact we're not trained -- we do not have enough workers trained to be able to actually function in this economy, and these are terrible threats not just to the people who are suffering but to the overall ec
because for a lot of reasons, process reasons, we're so fixed on the issues of the fiscal cliff, and previous points we had, real challenges with deficit reduction. so i say, again, what your pointing out is really the political economy question we have, which is in a world in which we live today, how can we get focused on some of these challenges that are not ten-year problems, 15-year problems. they will get much worse in ten or 15 years, but they're really big problems today, and that's part...
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Jan 21, 2013
01/13
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>> the economy and the fiscal situation. the economy is something that will improve over time, i think, and continue to improve. but i'm deeply troubled about the difficulty we're having in the national debt negotiations. the fiscal cliff. the sequestration, continuing resolution. these people can't really plan until they have a better understanding. congress and members of the business community can't plan until these issues are behind us. i was kind of pleased to see that the republicans offered a new idea with the debt ceiling a few days ago. that's good. in the last week or so we have seen some changes on the republican side on immigration. a more -- more of an understanding for the need for an immigration policy. the country is becoming more and more diverse and minority. this is good. only in the united states could we handle this kind of diversity and we should be proud of it and we should educate the young people and give those who are not here under legal status an opportunity to gain some kind of legal status. that
>> the economy and the fiscal situation. the economy is something that will improve over time, i think, and continue to improve. but i'm deeply troubled about the difficulty we're having in the national debt negotiations. the fiscal cliff. the sequestration, continuing resolution. these people can't really plan until they have a better understanding. congress and members of the business community can't plan until these issues are behind us. i was kind of pleased to see that the...
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Feb 6, 2013
02/13
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the drawnout process for resolving the fiscal cliff. hurt consumer confidence. the threat of massive automatic cuts have already started to affect business decisions. so we've been reminded that while it's critical for us to cut wasteful spending, we can't just cut our way to prosperity. deep indiscriminate cuts to things like education and training, energy and national security will cost us jobs. it will slow down our recovery. it is not the right thing to do for the economy. >> stephanie: you were talking about the imf. >> the international monetary fund, in charge of the greek bailout and managing that stuff came out with an amazing mea culpa -- >> stephanie: how did that go for them? >> horribly. it is right on the same level of alan greenspan coming. >> the and saying he was wrong from 1981 to 1999. they said that austerity at that time was the actual worst thing you could do. >> stephanie: right. >> they admitted that the money -- the greek economy to bail out they got $800 billion from europe. that money was supposed to go to them on the condition they wo
the drawnout process for resolving the fiscal cliff. hurt consumer confidence. the threat of massive automatic cuts have already started to affect business decisions. so we've been reminded that while it's critical for us to cut wasteful spending, we can't just cut our way to prosperity. deep indiscriminate cuts to things like education and training, energy and national security will cost us jobs. it will slow down our recovery. it is not the right thing to do for the economy. >>...
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Mar 13, 2013
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cliff deal. what about that? >> we believe tax reform ought to occur so we get a pro-growth tax policy to get the economy rolling again. we'll charge the ways and means committee with doing that. come out with some white papers that provide a construct for that and we're excited about that excited about making certain we bring down tax rates for individuals and businesses, we have the highest business corporate rate in the industrialized world. that doesn't create jobs for anybody. that's a disincentive for job creation. wonderful reforms to get that economy rolling again and jobs created again in the house budget. we look forward to the debate that's going to come. >> tom price joining thus morning. thank you for joining us. >> thank you, soledad. >> you bet. >>> actress gwenneth paltrow has an interesting rule for her children. no carbs. we'll talk about that. and we'll talk about jillian michaels if that's healthy at all. she has written a new book called "slim for life." she is ahead. ♪ loo
cliff deal. what about that? >> we believe tax reform ought to occur so we get a pro-growth tax policy to get the economy rolling again. we'll charge the ways and means committee with doing that. come out with some white papers that provide a construct for that and we're excited about that excited about making certain we bring down tax rates for individuals and businesses, we have the highest business corporate rate in the industrialized world. that doesn't create jobs for anybody. that's...
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Feb 5, 2013
02/13
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going over the cliff and hurting the economy. well, let's do the same thing now. let's just have a vote. up or down on the merits of a substitute proposal rather than playing games with this very unfortunate proposal that does nothing but play politics. and with that, mr. speaker, i yield the balance of my time and thank my colleagues on the rules committee. the speaker pro tempore: the gentleman from maryland yields back. the gentleman from massachusetts reserves. the gentleman from georgia is recognized. mr. woodall: mr. speaker, i yield myself 30 seconds just to say to my friend, i haven't actually mentioned that the president's budget was late. you're exactly right. he did miss his statutory deadline. he's not going to make it on time. in fact, there's a story that it's not going to get here until march, mr. speaker, and the years that i've had a voting card he's never submitted a budget on time. i'm not asking him to get it here on time. i'm only asking him, when it gets here, would he tell us when it's going to balance? and
going over the cliff and hurting the economy. well, let's do the same thing now. let's just have a vote. up or down on the merits of a substitute proposal rather than playing games with this very unfortunate proposal that does nothing but play politics. and with that, mr. speaker, i yield the balance of my time and thank my colleagues on the rules committee. the speaker pro tempore: the gentleman from maryland yields back. the gentleman from massachusetts reserves. the gentleman from georgia is...
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Jan 26, 2013
01/13
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analysts say the rally began after washington policy makers avoided the fiscal can cliff. and investors chase higher stock prices. >> hey, wait a minute, the market is getting better. maybe the economy is getting better. the train is leaving the station. i better not let it leave without me. >> reporter: the economy about to gain momentum? still potential pitfalls, rising mortgage rates and titghtened markets could damage housing, but some analysts say the stage is set. >> we've made a lot of adjustments and the economy has breathing space to really improve. >> john yang reporting. >>> a mystery that came up during secretary of state hillary clinton's hearing now solved. that next. [ other merv ] welcome back to the cleaning games. let's get a recap, merv. [ merv ] thanks, other merv. mr. clean magic eraser extra power was three times faster on permanent marker. elsewhere against dirt, it was a sweep, with scuffed sports equipment... had it coming. grungy phones... oh! super dirty! and grimy car rims... wow! that really works! ...all taking losses. it looks like mr. clean
analysts say the rally began after washington policy makers avoided the fiscal can cliff. and investors chase higher stock prices. >> hey, wait a minute, the market is getting better. maybe the economy is getting better. the train is leaving the station. i better not let it leave without me. >> reporter: the economy about to gain momentum? still potential pitfalls, rising mortgage rates and titghtened markets could damage housing, but some analysts say the stage is set. >>...
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. >>> we will have to wait until tomorrow to see how the markets react to the fiscal cliff deal. stocks rallied yesterday. they jumped about 1.7% on the final day of the year. u.s. stocks performed surprisingly well in 2012 despite concerns about the global economy. most of them posted double digit gains for the year. we'll have much more on this fiscal cliff deal throughout the morning and evening on news 4 at 5:00 and 11:00. you can read about it throughout the day at nbcwashington.com. >>> new this morning, police are investigating a stabbing on a metrobus hours into the new year. happened near the intersection of talbert street and martin luther king avenue in southeast. police say two women who were traveling together were attacked. one was stabbed. the other was beaten. witnesses tell police the suspect ran off the bus. the victims suffered serious injuries. no word on the motive or the search for a suspect. also new this morning, police are investigating a seven-car crash in northeast d.c. the chain reaction crash happened along new york avenue near bladensburg road around
. >>> we will have to wait until tomorrow to see how the markets react to the fiscal cliff deal. stocks rallied yesterday. they jumped about 1.7% on the final day of the year. u.s. stocks performed surprisingly well in 2012 despite concerns about the global economy. most of them posted double digit gains for the year. we'll have much more on this fiscal cliff deal throughout the morning and evening on news 4 at 5:00 and 11:00. you can read about it throughout the day at...
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Feb 10, 2013
02/13
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. >> the fiscal cliff on new year's day, you'd have high-income people who already have a lot of discretionary income seeing taxes go up. that's not going to hurt the economy. this thing is going to put 600,000 people out of work talking cops, we're talking teachers, pink slips will be going out. >> we're calling that -- [ all talking at once ] >> this is why we need to negotiate this thing and not just say it's going to be sequester or our way. >> we actually passed -- >> come on. >> -- legislation -- >> how many did you -- >> not many. >> remember why we did this in the first place. we did this not because we wanted the cuts to go in place. nobody wanted these cuts to go in place. this was an enforcement mechanism for congress to come together, finally come together to pass deficit reform, deficit reduction. these across-the-board cuts is not going to get us there because it's going to strangle our economy, slow growth which will increase the deficit and -- the choices that people are making here are across-the-board cuts, which could be 10,000 teachers or asking oil companies to pay their f
. >> the fiscal cliff on new year's day, you'd have high-income people who already have a lot of discretionary income seeing taxes go up. that's not going to hurt the economy. this thing is going to put 600,000 people out of work talking cops, we're talking teachers, pink slips will be going out. >> we're calling that -- [ all talking at once ] >> this is why we need to negotiate this thing and not just say it's going to be sequester or our way. >> we actually passed --...
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May 20, 2013
05/13
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. >> when i was here we were talking about a fiscal cliff. i said let's just get washington out of the way. there's some very good things happening in the economy, particularly in housing and the energy sector. so we have been very positive both on the economy and markets this year. markets in part because of the aid we're getting from qe and the fed. and the economy because we do think that despite the drag coming from washington. historically it has helped in recoveries. thanks for the skefteration and other things they are failing to do, for corporate tax policy that unleashes 2 trillion on corporate balance sheets we are seeing it be a drag in this recovery not with standing the drag we are seeing from washington. there's pretty good things going on in the economy. it's possible we get out of this without the need for any more either fiscal policy or fed policy. certainly not helicopter money. >> okay. we will snip in a quick break. you will be here to continue. >>> when we come back, jpmorgan shareholders who are voting tomorrow whether
. >> when i was here we were talking about a fiscal cliff. i said let's just get washington out of the way. there's some very good things happening in the economy, particularly in housing and the energy sector. so we have been very positive both on the economy and markets this year. markets in part because of the aid we're getting from qe and the fed. and the economy because we do think that despite the drag coming from washington. historically it has helped in recoveries. thanks for the...
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Jan 6, 2013
01/13
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i mean, the fiscal cliff was a scratch on your arm compared to the damage that we're talking about here. in fact, many ways the fiscal cliff, as we saw, was more -- we actually went over the fiscal cliff for a few hours there, and you didn't see really any economic damage at all. once you breach the debt ceiling, that's a default and it's an economic cataclysm. it means you're stiffening your creditors and will have to pay huge interest rates to finance the debt, and it technically means, and this is key, and i don't know why congress doesn't wrap their head around it, it means you're not paying for things you've already obligated the federal government to pay for. >> right. >> this is exactly analogous to deciding at the end of the meal that you're just not going to pay for that meal. these are payments that this congress, this congress, has obligated itself to make. payments to defense contractors, payments to creditors, payments to everyone who does business with the federal government, that all of a sudden they are suggesting they are going to renege on. how can you do business like
i mean, the fiscal cliff was a scratch on your arm compared to the damage that we're talking about here. in fact, many ways the fiscal cliff, as we saw, was more -- we actually went over the fiscal cliff for a few hours there, and you didn't see really any economic damage at all. once you breach the debt ceiling, that's a default and it's an economic cataclysm. it means you're stiffening your creditors and will have to pay huge interest rates to finance the debt, and it technically means, and...